The Global Coworking Spaces Market has experienced tremendous growth in recent years, but the market declined in 2020 due to the outbreak of the virus. The major factor driving the growth of the Co-Working market is the increasing number of Startups across the world.
Moreover, many leading firms are adopting the Coworking industry trend across the developing and developed economies, which is driving the market growth.
By the end of 2021, hybrid work has become more common, emerging trends such as large corporations implementing permanent remote work methods and enterprises attempting to decentralize their teams have created new demand.
Coworking companies stand to benefit as remote work becomes the "new normal" on a global scale, with specialists forecasting that flexible workspace will account for 30% of all office real estate by 2030.
Short-Term Impact of COVID-19
Lockdowns imposed around the world as a result of the COVID-19 pandemic outbreak had a negative impact on the global coworking market.
As a precautionary measure, the majority of the major countries imposed a stringent and exponential countrywide lockdown, limiting monetary activities in the region, resulting in the sudden shutdown of production facilities and the creation of an unprecedented and complex health emergency around the world.
Furthermore, due to the imposition of lockdown, many businesses worked from home in March 2020, and coworking space operators saw a nearly 50% decrease in footfalls.
Increasing number of Start-ups Driving Demand
With the increasing number and size of start-ups globally, the demand for coworking spaces is expected to skyrocket in the years to come. The global coworking spaces market is largely driven by the growth of start-ups at present, especially in developing countries.
Governments of countries like India and China have launched several supportive programs and policies to promote small-scale businesses. This is further expected to accelerate the growth of the coworking spaces market in the next few years.
The Global Coworking industry is expected to grow at a CAGR of 19.9% between 2022 and 2027, reaching USD 24.04 billion in 2027
Strong Rebound Post Pandemic: The future of coworking is expected to be driven by increased demand for coworking spaces from large multinational corporations and a growing millennial population that is assertive in generating new ways of doing business and thus starting their own venture.
The coworking incubation model is also rapidly evolving, with companies from a variety of backgrounds benefiting.
Further Key Findings
Scope of the Study
The Report titled “Global Coworking Space Market Performance and Outlook to 2027–COVID-19 Impact Assessment” published by Makreo Research and Consulting gives a detailed analysis of the industry performance considering the past, present, and future trends with a detailed discussion of the macro-economic factors that play a major role.
The Global Coworking Space Market Report is a regional-level assessment of the market performance covering North America, Europe, and Asia Pacific markets.
Key Questions Answered
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Table of Content
1. Report Synopsis
2. Industry Overview
3. Research Methodology
Objective of the Study
Data Collection Methods
4. Country Overview- EPTD Analysis
EPTD Analysis: China Economic Overview
EPTD Analysis: Political Overview
EPTD Analysis: Technological Overview
EPTD Analysis: Demography Overview
5. China COVID-19 & Impact Assessment
COVID-19 Spread in China
Impact of COVID-19 on Economy
Impact of COVID-19 on China Used Car Market
6. China Trade Performance
China Trade Performance –Pre COVID-19 Scenario
China Import/Exports – Key Stats
China Trade Performance: Post Covid Scenario – Trade in 2020
China Trade Performance (Month on Month)
Imports and Exports of Goods by Major Countries and Regions
China Trade Performance: Post Covid Scenario – Trade in 2021
China Used Car Trade Performance
China Exports Market for Used Cars
7. China Automobile Market Performance
China Automobile Market – Pre-Covid Scenario
China Automobile Market – Post Covid Scenario
Automobile Production Facts– 2020
Automobile Production and Sales–2021
Comparative Analysis of Used Cars Vs. New Cars in China
8. China Used Car Market Performance and Forecast
China Used Car Market – An Overview
China Used Car Market – Key Facts
China Used Car Market Performance– Pre-Covid Scenario
China Used Car Market Performance – 2020
China Used Vehicle Demand & Trade by Type
China Used Car Sales Volume
China Used Car Market Performance – Post Covid Scenario (2021)
China Used Car Market Revenue and Future Outlook
China Used Car Market - Factors to Drive Future Demand
9. China Used Car Market Segmentation
China Used Car Market by Distribution Type – Organized Player Vs Unorganized player
China Used Car Market Segmentation by Type of Vehicle
10. China Used Car Market Dynamics
11. China Used Car Market - Macro Economic Factors
12. China Used Car Market- Mergers & Acquisitions
China Used Car Market – Mergers & Acquisitions
13. China Used Car Market- Funding Timeline
China Used Car Market – Funding Timeline
14. China Used Car Market- Company Profile
Company Profile: Autohome, Inc.
Company Profile: Renren Inc
Company Profile: Uxin Limited
Company Profile – CAR Inc.
Company Profile – Others